Preferred lender offering 3.125% interest rate.Payment Breakdown:Principal and Interest: 1321PMI: 59Tax: 253Homeowners Insurance: 33Condo Fee: 400Total Monthly: 2066 (27.5% gross monthly income)While I am increasing my housing costs by a significant factor compared to renting, it’s right at part of the recommended 28% of monthly gross income.

Preferred lender offering 3.125% interest rate.Payment Breakdown:Principal and Interest: 1321PMI: 59Tax: 253Homeowners Insurance: 33Condo Fee: 400Total Monthly: 2066 (27.5% gross monthly income)While I am increasing my housing costs by a significant factor compared to renting, it's right at part of the recommended 28% of monthly gross income.

You will also want to factor in vacancy, repairs, and cap-ex at 5% each.

The other factor is getting a builder (unless you already have one lined up). 

Assuming the rent pencils out is your debt to income still a factor?

Your personal DTI is not a factor (don't even ask for tax returns). 680 min FICO, though.

Finally, if you have investors using Self-directed IRA funds, factor in at least 1-2 weeks (another trust custodian told us to count on 3 weeks!)

When you've got an occupied apartment in an area where local rents have increased quite a bit over the last few years, what are the deciding factors in whether you take the initiative to renovate it and increase the rent to the new market rate versus let it sit and accept the lower rent?

For me foundation issues are a red flag, but if you factor in foundation repairs, and the numbers still work, then it’s not that big of an issue.

They have enough money for reserve, What are the major factors behind it?